China aims to launch Shenzhen-Hong Kong stock-trading link mid-December

The WSJ quotes two people briefed by regulators, stating that China is aiming to launch a much anticipated stock-trading link between Shenzhen and Hong Kong around mid-December, in an effort that will allow global investors access to the country’s tech-heavy exchange.

The latest development follows a long-awaited approval last week by the State Council, China’s cabinet, to launch the scheme. The State Council said that relevant preparation work for the Shenzhen-Hong Kong Stock Connect program has been completed, but gave no other details, WSJ adds.